Fallen crypto tycoon Bankman-Fried gets 25-year sentence
Disgraced cryptocurrency wunderkind Sam Bankman-Fried was sentenced to 25 years in jail on Thursday—a stunning descent for a figure who seemed poised to lead an emerging sector less than two years ago.
8 hours ago
0
1
The Bankman-Fried verdict, explained
Sam Bankman-Fried co-founded the FTX crypto exchange in 2019 and quickly built it into the world's second most popular place to trade digital currency. It collapsed almost as quickly. By the fall of 2022, it was bankrupt.
7 hours ago
0
1
A timeline of the downfall of Sam Bankman-Fried and the colossal failure of FTX
Sam Bankman-Fried went from cryptocurrency golden boy to the face of the industry's collapse. The founder and former CEO of the massive cryptocurrency exchange FTX was sentenced to 25 years in prison Thursday after being ...
7 hours ago
0
1
Power up: PG&E says electricity plan can boost Silicon Valley innovation and economy
PG&E is pushing forward with quests to help bolster Silicon Valley's economy and innovation future, including major South Bay and East Bay electricity projects, utility officials have said.
10 hours ago
0
10
Video game giant Embracer sells 'Borderlands' maker to Take-Two
Swedish video game group Embracer said Thursday it was selling Gearbox Entertainment, the developer of the popular first-person shooter franchise "Borderlands", to US company Take-Two for $460 million.
13 hours ago
0
5
Crypto fraudster Bankman-Fried faces sentencing
Disgraced cryptocurrency wunderkind Sam Bankman-Fried is set to be sentenced Thursday following his conviction in one of the biggest financial fraud cases in history.
17 hours ago
0
13
Amazon pours an additional $2.75 billion into AI startup Anthropic
Amazon said Wednesday it is pouring an additional $2.75 billion into Anthropic, bringing its total investment in the artificial intelligence startup to $4 billion.
Mar 27, 2024
0
6
Apple announces Worldwide Developers Conference dates, in-person event
Apple has announced their annual developers conference will take place June 10 through June 14.
Mar 27, 2024
0
6
At GDC 2024, tech companies offer a glimpse of AI-powered characters
Glimpses of the future often emerge at the Game Developers Conference. It's where indie games generate a buzz or the kernel of a big idea is planted. This year, artificial intelligence took center stage as Nvidia showed off ...
Mar 27, 2024
0
16
How long before quantum computers can benefit society? That's Google's US$5 million question
Google and the XPrize Foundation have launched a competition worth US$5 million (£4 million) to develop real-world applications for quantum computers that benefit society—by speeding up progress on one of the UN Sustainable ...
Mar 27, 2024
0
5